Pricing policies for public enterprises / Michael G. Webb
Imprint
London : Macmillan, 1976
Descript
95 p., [1] : ill. ; 21 cm
CONTENT
Introduction : Characteristics of public enterprises -- Objectives -- Marginal-cost pricing : Derivation of the pricing rule -- Short-or long-run marginal cost? -- Investment decisions -- Disequilibrium -- Capacity adjustments with indivisible plant -- Peak loads and joint costs : Firm-peak case -- Capacity adjustments -- Shifting-peak case -- Uncertainty -- Problems of second best -- Introducing system effects and time : System effects -- Time -- Problems of implementation : Domestic-tariffs experiment -- Financing deficits : Second best -- Pricing in practice : The post office -- Electricity-bulk-supply tariff -- Airports -- Some concluding comments : Average-cost pricing -- Informational requirements of marginal-cost pricing